More than 100 Australian artists have joined forces with Green Music Australia to call on the federal government to introduce a 25% tax on gas export revenue.
The move comes as global war fuels energy instability and Australians struggle with increased cost-of-living pressures, all while gas corporations rake in record profits.
A press release notes that after the war in Ukraine began, major exporters such as Shell, Santos, Chevron, and Woodside “more than doubled” their profits, amassing over $92 billion in 2022 alone.
Artists calling on the federal government to introduce the tax include King Gizzard And The Lizard Wizard, Missy Higgins, Jimmy Barnes, Amyl And The Sniffers, Midnight Oil, BARKAA, Yothu Yindi, Montaigne, Ben Lee, Miss Kaninna, John Butler, GLVES, Ocean Alley, Emily Wurramara, The Amity Affliction, Ruby Fields, DOBBY, Angie McMahon, King Stingray, Teen Jesus And The Jean Teasers, Lime Cordiale, and many others.
https://themusic.com.au/industry/aussie-artists-call-on-the-federal-government-to-introduce-a-25-gas-tax/WXPnTUxPTnE/01-04-26
11 Comments
Wanna hear something crazy?
All our gas exports are sold and settled in USD. So our own resources being exploited doesnt even benefit our currency…
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Good to see momentum on this!
Should be at least 50%. Norway or whoever it is does like 70+%
How much would 25% percent be?
As long as it’s on revenue and not profits.
Baby steps – there’s a couple billion in fuel tax credits we should be hitting first I reckon. 25% of gas revenue seems a bridge too far – though i fully support it – it smacks of addding to sovereign risk and burning energy that could be better directed perhaps? Or do both
if albanese can’t pull this off with the amount of public backing for it and lack of any real political opposition, we’re fucking lost as a country
keep it
Can we also get onto all our other natural resources that are being extracted and sold off with little to no real benefit to the public?
25% seems really low.
We’ll get the 25% tax and then the gas companies and the politicians will be like, “Phew… that could have been much worse for us. Well done getting ahead of this thing, and framing what percentage the tax would be from the start.” *Gratuitous high-fiving ensues.*